Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.900-5.000 for the period, compared to the consensus estimate of 5.000. The company issued revenue guidance of -. Teledyne Technologies also updated its FY 2024 guidance to 19.250-19.450 EPS.
Wall Street Analysts Forecast Growth
TDY has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the stock a buy rating in a research note on Thursday. Vertical Research initiated coverage on shares of Teledyne Technologies in a research report on Tuesday. They issued a buy rating and a $470.00 price objective for the company. StockNews.com cut Teledyne Technologies from a buy rating to a hold rating in a research note on Friday. Bank of America lowered Teledyne Technologies from a buy rating to a neutral rating and lowered their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a buy rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of Moderate Buy and a consensus price target of $474.57.
Read Our Latest Stock Report on TDY
Teledyne Technologies Stock Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.67 earnings per share. Equities research analysts expect that Teledyne Technologies will post 19.34 EPS for the current fiscal year.
About Teledyne Technologies
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.
Read More
- Five stocks we like better than Teledyne Technologies
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- MarketBeat Week in Review – 7/22 – 7/26
- Stock Dividend Cuts Happen Are You Ready?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.